secwatch.observer — SEC 8-K summary
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Issuer:     Sphere 3D Corp. (ANY)
CIK:        0001591956
Form:       8-K
Filed at:   2026-09-08T20:10:14+00:00
Accession:  0001213900-26-098043
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Sphere 3D sells Iowa site and mining fleet for ~$4.6M total proceeds
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- Iowa site sale to Simple Mining LLC for $1.5M; $300k cash received, $1.2M interest-free note payable monthly over 12 months starting Dec 1, 2026.
- Company to receive return of ~$300k utility prepayment and ~$225k security deposit under Iowa Agreement.
- Binding term sheet with RepairBit LLC to sell ~5,500 mining machines (all legacy fleet) for ~$3.1M over 90 days from Sept 1, 2026.
- Company retains ownership of mining machines until payments are received; delivery over 90-day period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591956/000121390026098043/0001213900-26-098043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591956/000121390026098043/ea0304863-8k_sphere.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-098043

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